As a business owner you might feel like you need to have everything figured out. However, that’s not always the case. And even the best business owners need to fine tune their skills along the way.
That’s where business coaches come in.
They can help to fast track your business education into just a few years, which will maximise the profits and value of your business. Essentially, hiring a business coach is paying for somebody else’s experience and expertise.
But, how do you know when it’s time to work with a business coach?
In this article I’m going to explore signs that it’s time for you to invest in a business coach.
How do you know it’s time to work with a business coach?
There are many tell-tale signs that suggest it is time to invest in a business coach. They are:
- You are feeling overwhelmed in your business
- You know what to do, but you’re not sure how to do it
- You need someone to keep you accountable
- You need someone to share and discuss ideas with
- You are not getting the results you want in your business
- You want to save time and money
- You want to grow your business
#1 You are feeling overwhelmed in your business
As a business owner there are loads of things that you need to think about. It can feel like there is too much to do and not enough time to do it. It’s an all encompassing feeling.
This year more than any other, it’s easy to see how running a business can leave you feeling stressed and overwhelmed.
Have you got too much to do?
Are you worried you are not making enough profits?
Are you not sure how to move things forward?
Do you feel like you are not in control of your business?
If you feel like you are nearing burnout, then a business coach can help you focus on what really matters, and help you take back control of your business.
#2 You know what to do, but you’re not sure how to do it
Sometimes you know exactly what you need to do.
But actually knowing how to do it, that’s a whole different story.
That’s where a business coach can come in handy.
They can lead you through the steps you need to take in order to implement a new strategy, helping you take decisive and targeted action.
Whether it’s launching a new product or service, entering a new market or rebranding, a business coach can help you move forward, and ensure that you do it right.
#3 You need someone to keep you accountable
As a business owner you are totally in control of your workload and time management. You are accountable to no one. This can be one of the main benefits of owning your own business – you can balance your time as you wish.
However, for many business owners the lack of accountability can also be their downfall. The important tasks that have the potential to move the needle on your business are constantly getting bumped off the ‘to-do’ list when something more urgent pops up. You find that you are constantly working in your business rather than on your business.
A business coach can help you keep you accountable. This will help keep you focussed on the big picture and ensure that the things that you need to do to grow your business are getting done.
Related: Why accountability is important when growing a business
#4 You need someone to share and discuss ideas with
It’s lonely at the top!
When you are running your own business, you’re in charge. However, this means you might lack people that you can trust and confide in, when it comes to discussing ideas for the future of your business.
Hiring a business coach is a great way to ensure that you have someone to bounce your ideas off. You can sense check them, and get an educated insight into whether it is a feasible business idea.
#5 You are not getting the results you want in your business
You think you know what you need to do to grow your business. You’ve taken the steps to implement your new strategy.
But, it’s just not working.
So what do you do?
Sometimes it’s hard to see the wood for the trees. You are just too close to see what’s not quite working in your business and how you can fix it.
That’s when it’s time to hire a business coach.
You might need guidance from someone out with the business, to get a more objective view. This can help you fix what’s going wrong to increase ROI and profits.
#6 You want to save time and money
Of course, hiring a business coach comes with it’s own time, money and effort investment.
If you want it to be a success, you’ll need to attend the coaching sessions, events and workshops, and complete your committed decisions and assignments by the agreed-upon dates.
But what’s the alternative?
If you are running a business you need to learn and implement new strategies, in order to grow.
But this takes time.
And the truth is that you are probably so involved in the operational side that it’s difficult to find time to set aside to do this.
But, the great news is by hiring a business coach you get to leapfrog years of trial and error, and learn the strategies that are proven to work and grow your business. Ultimately saving you time and money.
Plus, as part of the coaching process we will undergo a cost analysis of your business, in order to determine where money is being spent and potentially wasted. A business coach can help you to ensure that any money you are spending it being effectively utilised for maximum impact.
Related content:
#7 You want to grow your business
What does growth mean to you?
For some people it means increasing profits.
For other people it means opening up new premises or hiring more staff.
For some it’s both…
Whatever your goals are, a business coach can help you explore the necessary steps, and implement a plan of action to move you towards those goals.
So, is it time to hire a business coach?
A business coach is a great way to fast track your business education. This will help you reach your goals quicker and increase the profits and value of your business.
If you think it might be time for you to hire a business coach then get in touch. I offer a variety of coaching options, no one size fits all. Everything can be tailored to your needs and time commitment based on the work you want to do.
